1- According to 3D timeframe chart, it shows sellers are strong and price could go down even more to first support which is $3800. If price can hold this strong support we can hope the uptrend is still powerful. 2- In addition to Fibonacci support and resistance another proof for this idea would be MA20. As you see price can hit the MA20 on the $3800 area. 3- There is no hidden divergence to proof this is the end of correction. 4- No big volume shows it's not a liquidation for another uptrend yet.
P.S. This is not an advice to buy or sell, that's just an analysis that needs to considered too. Always make your analysis before a trade.
Trade closed: target reached
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Target almost reached.
Comment
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Finally liquidation appeared on BTC and whole market followed so ETH reached $3800. If it holds above this support we can be hopeful it is just a correction otherwise it's a massive dump to $2600 or $1700.